Last edited by Arashikus
Saturday, November 21, 2020 | History

7 edition of The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 found in the catalog.

The Federal Housing Enterprises Financial Safety and Soundness Act of 1992

Hearings before the Subcommittee on HUD Oversight and Structure of the Committee ... session ... March 5 and 21, 1996 (S. hrg)

by United States

  • 231 Want to read
  • 23 Currently reading

Published by For sale by the U.S. G.P.O., Supt. of Docs., Congressional Sales Office .
Written in English


The Physical Object
Number of Pages248
ID Numbers
Open LibraryOL7375376M
ISBN 10016053951X
ISBN 109780160539510
OCLC/WorldCa36380994

The HTF was established under Title I of the Housing and Economic Recovery Act (HERA) of , Section (Public law ). Section of HERA amended the Federal Housing Enterprises Financial Safety and Soundness Act of (12 U.S.C. et seq.)(Act) to add a new section , entitled “Affordable Housing Allocation” and a new. On September 6, , the Director of the Federal Housing Finance Authority, or FHFA, our safety and soundness regulator, appointed FHFA as conservator of Fannie Mae (formally, the Federal National Mortgage Association) in accordance with the Federal Housing Finance Regulatory Reform Act of and the Federal Housing Enterprises Financial.


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The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 by United States Download PDF EPUB FB2

This title] may be cited as the ‘Federal Housing Enter-prises Financial Safety and Soundness Act of ’.’’ § Definitions For purposes of this chapter: (1) Affiliate Except as provided by the Director, the term ‘‘affiliate’’ means any entity that controls, is controlled by, or is under common control with, an enterprise.

Shown Here:Passed House amended (10/03/) Federal Housing Enterprises Financial Safety and Soundness Act of - Sets forth congressional findings and definitions. Declares that this Act and the amendments it makes may not be construed: (1) as obligating the Federal Government, either directly or indirectly, to provide any funds to the Federal Home Loan Mortgage Corporation (Freddie Mac), the Federal National Mortgage Association.

rows  Federal Housing Enterprises Financial Safety and Soundness Act of Pub. The Federal Housing Enterprises Financial Safety and Soundness Act of (or FHEFSSA, Pub.L. –, title XIII of the Housing and Community Development Act ofH.R.Oct. 28,  Stat. 12 U.S.C.

§  et seq.). The Federal Housing Enterprises Financial Safety and Soundness Act of by United States Published by U.S. G.P.O. The Federal Housing Enterprises Financial Safety and Soundness Act of hearings before the Subcommittee on HUD Oversight and Structure of the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Fourth Congress, second session March 5 by United States.

Congress. : Get this from a library. The federal housing enterprises financial safety and soundness act of background and analysis.

[Barbara L Miles; Library of Congress. Congressional Research Service.]. The Federal Housing Enterprises Financial Safety and Soundness Act of hearings before the Subcommittee on HUD Oversight and Structure of the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Fourth Congress, second session March 5 This title may be cited as the 'Federal Housing Enterprises Financial Safety and Soundness Act of '.

SEC. CONGRESSIONAL FINDINGS. The Congress finds that - (1) the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation (referred to in this section collectively as the 'enterprises'), and the Federal Home Loan. 10 Subpart A of part 2 of subtitle A of the Federal 11 Housing Enterprises Financial Safety and Soundness Act 12 of (12 U.S.C.

et seq.) is amended by adding 13 at the end the following new section: 14 ‘‘SEC. REGULATION OF SERVICE PROVIDERS. 15 ‘‘Whenever a Federal Home Loan Bank or enterprise.

(The housing goals were established under the Federal Housing Enterprises Financial Safety and Soundness Act of The new law retains the housing goals throughbut has redefined them for. Sec. Short Title. [This title may be cited as the ``Federal Housing Enterprises Financial Safety and Soundness Act of ´´.

Sec. Congressional Findings. [The Congress finds that— (1) the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation (referred to in this section collectively as the `enterprises´), and the Federal Home Loan.

H.R. (nd) was a bill in the United States Congress. A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

This bill was introduced in the nd Congress, which met from Jan 3, to Oct 9, Legislation not enacted by the end of a Congress is cleared from the books.

13 ti Code of Federal Regulations; 14 (4) the term ‘‘enterprise’’ has the meaning 15 given the term in section of the Federal Hous ing Enterprises Financial Safety and Soundness Act 17 of (12 U.S.C.

); and. The NMDB program enables FHFA to meet the statutory requirements of section (c) of the Federal Housing Enterprises Financial Safety and Soundness Act ofas amended by the Housing and Economic Recovery Act ofto conduct a monthly mortgage market survey.

The Federal Housing Enterprises Financial Safety and Soundness Act ofTitle XIII of Pub. (the Act), empowers OFHEO to take any such action as the Director determines to be appropriate to ensure that the federally sponsored housing enterprises, the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan.

Each employee of the Department of Housing and Urban Development whose position responsibilities primarily involve the establishment and enforcement of the housing goals under subpart B of part 2 of subtitle A of the Federal Housing Enterprises Financial Safety and Soundness Act of (12 U.S.C.

et seq.) shall be transferred to the Federal Housing Finance Agency for employment, not later. The housing goals set by HUD for through are: A low- and moderate-income goal, which targets mortgages on housing for families with less than median income and was set at 40 percent of total units financed by each GSE in and at 42 percent for each year from through   To amend the Federal Housing Enterprises Financial Safety and Soundness Act of to adjust the affordable housing allocations.

The bill’s titles are written by its sponsor. Legal Authority: Section of the Federal Housing Enterprises Financial Safety and Soundness Act of (12 U.S.C. ) Administering Office: Assistant Secretary for Community Planning and Development, Department of Housing and Urban Development, Washington DC Information Source: Administering office.

Enterprises), the Federal Housing Enterprises Financial Safety and Soundness Act of (the Safety and Soundness Act) as amended by HERA, requires FHFA to fulfill the following duties: “(A) to oversee the prudential operations of each regulated entity; and “(B) to ensure that--(i) each regulated entity operates in a safe and sound.

It was established by the Federal Housing Enterprises Financial Safety and Soundness Act of OFHEO was managed by a Director, appointed by the President and ratified by the Senate.

the Federal Housing Enterprises Financial Safety and Soundness Act ofas amended (i.e., the Federal National Mortgage Association and its affiliates, the Federal Home Loan Mortgage Corporation and its affiliates, and the Federal Home Loan Banks).

Sec. Federal Housing Enterprises Financial Safety and Soundness Act of Sec. Federal Reserve Act. Sec. Financial Institutions Reform, Recovery, and Enforcement Act of Sec. Flood Disaster Protection Act of Sec. Home Owners’ Loan Act.

Sec. Housing Act of Sec. Housing and Community. Federal Housing Enterprises Financial Safety and Soundness Act of12 U.S.C. § et seq. (Safety and Soundness Act). That Act outlines the regulatory and oversight structure for the. Inthe state legislature expanded the law, authorizing PACE financing for water efficiency improvements.

ABCh.Stats. Reckless Endangerment locates the origins of the crisis in the ironically named Federal Housing Enterprises Financial Safety and Soundness Act of. Section of the Housing and Economic Recovery Act of (HERA) amended section (e) of the Federal Housing Enterprises Financial Safety and Soundness Act of (Safety and Soundness Act) (12 U.S.C.

(e)) to provide explicit authorities to FHFA in addressing golden parachute payments and indemnification payments HUD has established housing goals in accordance with the Federal Housing Enterprises Financial Safety and Soundness Act of (the GSE Act). Fannie Mae and Freddie Mac are required to meet specified goals for purchases of mortgages that finance housing for very-low- low- and moderate-income families and families living in areas.

Housing Enterprise Oversight (OFHEO) The Office of Federal Housing Enterprise Oversight (OFHEO) was established as an independent entity within the Department of Housing and Urban Development by.

The Federal Housing Enterprises Financial Safety and Soundness Act amended the GSE charters, requiring more of a dedication to supporting financing of low-income housing.

– Federal Housing Enterprises' Financial Safety and Soundness Act of creates HUD Office of Federal Housing Enterprise Oversight to provide public oversight of FNMA and Federal Home Loan Mortgage Corporation (Freddie Mac).

– Henry G. Cisneros is named Secretary of HUD by President William J. Clinton, January Headquarters: Robert C. Weaver Federal Building. Second, the Federal Housing Enterprises Financial Safety and Soundness Act of warned all investors in Freddie securities, including investors in shares of preferred stock, that they “not be construed” in thinking that the GSEs would “honor, reimburse, or otherwise guarantee any of their obligations or liabilities.”Author: Edward Pinto.

Under section (a) of the Federal Housing Enterprises Financial Safety and Soundness Act of (Safety and Soundness Act), FHFA is responsible for ensuring that the Banks and the Enterprises operate in a safe and sound manner, including that they maintain adequate capital and internal controls, that their activities foster liquid.

as required by both the Federal Housing Enterprises Financial Safety and Soundness Act of (FHEFSSA) and the Administrative Procedures Act. The rule and analyses issued in were more than half the length of War and Peace.

The proposed rule and analyses occupied pages of the Federal Register; the final rule and analyses occupied File Size: KB. by the Director of Federal Housing Finance Agency (“FHFA”) acting pursuant to Section of the Federal Housing Enterprises Financial Safety and Soundness Act ofas amended (the “Safety and Soundness Act”).1 II.

Facts Through an exchange offer (the “Exchange Offer”), Freddie Mac will be offering holders of. On Wednesday, the Federal Housing Finance Agency (FHFA) released its annual Report to Congress, meeting the requirements of the Federal Housing Enterprises Financial Safety and Soundness Act.

the Federal Housing Enterprises Financial Safety and Soundness Act init included new requirements that a specified percentage of the mortgage loans backed by Fannie and Freddie go to low- and moderate-income households and communities, and directed the Department of Housing and Urban Development to ensure that the government-sponsored.

CHAPTER ONE GENERAL PROGRAM REQUIREMENTS A. The National Housing Trust Fund (NHTF) was established under Title I of the Housing and Economic Recovery Act (HERA) ofSection (Public Law ). Section of HERA amended the Federal Housing Enterprises Financial Safety and Soundness Act of (8) the Federal Home Loan Bank Act [12 U.S.C.

et seq.] should be amended to emphasize that providing for financial safety and soundness of the Federal Home Loan Banks is the primary mission of the Federal Housing Finance Board.

(Pub. –, title XIII, §, Oct. 28,Stat. ) References in Text. Section (a) of the Federal Housing Enterprises Financial Safety and Soundness Act of (as amended, the “FHE Act”).

Conservator has determined that entry into this Agreement is (i) necessary to put Seller in a sound and solvent condition; (ii) appropriate to carry on the business. FHFA stated that it had statutory authority to promulgate this rule under the Federal Housing Enterprises Financial Safety and Soundness Act ofthe Fannie Mae Charter Act, and the Freddie Mac Corporation Act.

Executive Order No. 12, (Regulatory Planning and Review) As an independent agency, FHFA is not subject to the Order.Section of HERA amended the Federal Housing Enterprises Financial Safety and Soundness Act of (12 U.S.C. et seq.) (Act) to add a new sectionentitled "Affordable Housing Allocation" and a new sectionentitled "Housing Trust Fund." Program Requirements States will be the grantees for the HTF.

“The Federal Housing Enterprises Financial Safety and Soundness Act (GSE Act) mandated that a specified percentage of Fannie Mae and Freddie Mac purchases come from underserved populations.

A number of prominent observers have pointed to the GSE Act as a root cause of the recent housing crisis.